GREY:PGDIF - Post by User
Post by
oiltaron Sep 12, 2016 2:07pm
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Post# 25228914
DDC ?
DDC ?Still falling even with the buy back? The market does not want to see a mining company with falling reserves to do a buy back.A better use of its capital the $80 million buy back would have allowed them to JV chidliak and gain half the $4 billion two pipe only deposit.
I have told DDC its stock will keep falling unless they buy into Chidliak for the past three months.
Shrinkng the share float at DDC by 6% or $80 million ? Or spend $80 million and get a $2 billion in situ high quality diamond supply for decades to come?
DDC NEEDS TO BUY INTO CHIDLIAK it buy back is failing